Founders Academy Africa

We Build Sustainable, Investable, and Scalable African Startups.

[Founders Academy Africa @FoundersAc18105]

Get to know us! We believe in the power of African entrepreneurship and are dedicated to provide the support necessary to help startups scale and create positive change in their communities 🚀 #africanstartups #startupfounders #foundersacademy

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#40WomenUnder40 | Day 13

Angel Adam Kobelo: Managing Director at Founders Academy Africa, excelling in strategic planning, market analysis, and fostering relationships to drive business growth through technology and market insights.

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[Founders Academy Africa @FoundersAc18105]

Tech startups start dying the moment they are launched because technology is moving at a faster rate than businesses can catch up. So, the key to success is innovation. Innovate or perish. Don't get left behind!

#WisdomWednesday #tech #innovation #startup

[Founders Academy Africa @FoundersAc18105]

Here is a snapshot of what happened last week in the tech and startup space on the continent. #TechTrendyTuesday #Trending

[Founders Academy Africa @FoundersAc18105]

Find the link to the opportunity below 👇🏾 🔗 https://t.co/7oDbCUvJUL

[Founders Academy Africa @FoundersAc18105]

Mondays are for Opportunities at Founders Academy! On Today's #OpportunityMonday: In celebration of International Women's Month @TonyElumeluFDN is disbursing $5M USD for women with green businesses or ideas. More about it below. Link in the bio. #WE4A

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Founders Academy is empowering African start-ups. #40Days40FinTechs #LevelOneProject Tanzania Day 32.

Even though Africa has very many young and talented innovators, most of their start-ups suffer from failure to break even, are bogged down by poor business governance issues and eventually succumb to early exits from the market.

Among the major factors that contribute to these early exits is a lack of proper business mentorship, which is essential at every stage. In fact, in the fast-paced and competitive world of business, mentors act as key catalysts for start-ups’ growth.

In Tanzania, Impact Driven Consulting (IDC) is through its Founders’ Academy initiative advocating for the development of sustainable and inclusive start-ups and digital solutions.

According to Angel Adam Kobelo, the managing director of IDC, Founders Academy exists to support and empower African startups, providing them with the resources they need to succeed.

“At Founders Academy, we have four key focus areas. One is network building. We understand the importance of partnerships for businesses to succeed; especially the ones in the digital business. We also have one for Investor readiness because we understand the importance of products being ready to take in funds to scale. We also do capacity building because there is a significant lack of skills required for the success of start-ups. The fourth one is fundraising. Most start-ups lack the capital to implement their solutions. So, we help them unlock funds that will help their start-ups to become more scalable and reach wider markets,” Angel Adam Kobelo explained.

She noted that Tanzania’s innovations and technology landscape are very promising with policymakers starting to notice the potential impact these solutions can have on the economy.

“The Central Bank just recently launched a sandbox. To us, this is a big step because at least they now recognize that there is a need for such a thing and they are moving towards that direction. We may not be where we want to be yet but there is hope from the fact that they are listening and considering what we are requesting for,” Angel Adam Kobelo said.

She added: “Regarding the regulatory environment in Tanzania, especially with FinTechs and similar digital solutions, there are two issues. One, there is an information gap between the innovators and regulators. The regulators don’t understand what the innovators are trying to do. But also, some of the innovators don’t know in detail the compliance and regulatory requirements they need to fulfil. In case they know, it is either too expensive or takes a long time. The second issue is the pace at which these two are moving. The regulators usually take a long time yet start-ups in the digital space need a fast-paced decision-making process because they have to keep up with global technology changes.”

MORE DETAILS: https://t.co/PORnDz50SA

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